Lazard(US:LAZ)2021-02-06 00:40Company Overview - Lazard's FY 2020 operating revenue was $2.52 billion[5] - The company's assets under management totaled $259 billion as of December 31, 2020[5] - Lazard has over 170 years of experience serving clients[5] Financial Performance - Lazard's FY 2020 operating revenue in Asset Management was $1.111 billion[82] - Lazard's FY 2020 operating revenue in Financial Advisory was $1.403 billion[82] - The company returned $365 million of capital to shareholders in FY 2020[28] Market Position - Lazard's financial advisory market share has increased by 25% since its IPO[32] - Lazard's active AUM market share has increased by 64% since 2005[33] Financial Strategy - The company targets a compensation ratio in the mid-to-high 50s percentage range[51] - The company targets a non-compensation expense ratio of 16% to 20%[51] - Lazard has strong liquidity with $1.39 billion in cash and cash equivalents[56]